WI AB670

Extends sales and use tax exemption to persons engaged in contract research services in Wisconsin for machinery and equipment consumed or destroyed exclusively in qualified research

Defines "contract research services" as research conducted on behalf of a customer that would constitute qualified research if performed by the customer's own employees

Expands the definition of "qualified research" to include research funded by contract research expenses under IRC Section 41(b)(3)

Current law limits this exemption to manufacturers on manufacturing property and persons primarily engaged in biotechnology

Takes effect on the first day of the 3rd month after publication